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What P&S would rival Olympus E-PM1?As @Peng Tuck Kwok mentioned, I took a look at Olympus EP-L1. I think it suits my need. On Amazon it costs $272 and Review looks fair. I looked at the sample images and I have decided to go for it. They look better than average P&S camera. Do you think otherwise?

What P&S would rival Olympus E-PM1?I have to still decide which model to go with, but I think I would agree with your statement about "image quality". ATM it looks like fresher breed of Mirrorless is bit out of my limit. I will update the question, what I went with finally. Thanks everyone.

What P&S would rival Olympus E-PM1?thanks for the side by side comparison. I would have not imagined the sensor size difference is so huge physically! After doing a lot of exhaustive reading, I was getting inclined towards Point and Shoot camera, but your point throws some more light on issue. I am not willing to throw in more than $400. So at this point of time, a decent Mirrorless is out of scope.

What P&S would rival Olympus E-PM1?image quality point makes sense. While pairing with another lens leads to shoot up in price, sometimes even more than the cost of the camera body itself. Zoom same goes for the zoom as well.

Nov21

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What P&S would rival Olympus E-PM1?@mattdm thanks. Yes I understand, I have tried not to make it localized. I do understand that question trivial but I have tried my best to include points so that its not redundant. Let me see if I can add points or remove some to make it better.

Nov21

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What P&S would rival Olympus E-PM1?Yes just the last bit. Mainly, will P&S in same price match image quality of a Mirrorless? Secondly,I suppose Zooming capability of P&S would be far greater than Mirrorless.